RAMCOCEM has given very good breakout and is near to 900 (psychological resistance). If this manages to stay afloat above 890-900, then it has very good potential to move tomorrow & coming days. If this after 30-40 move, give a pullback and take 880-885 as support then it will give us double confirmation to enter.
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"If this after 30-40 move" i did not understood this pls explain.....
chesmn
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@trade-easy, It means...after BO it can move +30. If captured it is good; if not wait for retracement/pullback to the level mentioned and see price action at that time.
Piyush-Gupta
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@trade-easy, I meant if this move 30-40 points in a day or two and then retrace to trend line.